Larger ministerial team to examine how to rescue Daewoo-FSO

Can Daewoo-FSO be rescued? - This is a question that will be tackled next week by a special government team. The lack of financial agreement with banks has frustrated the plans of the company's annual shareholder's meeting. Escalating financial and legal problems have led to the expansion of the inter-ministerial team working on the restructuring of Daewoo-FSO. Representatives from the Economy, Treasury and Finance ministries will be joined by Marek Sadowski from the Justice Ministry. "One of the main points in the forthcoming talks will be the restructuring of the car maker in the context of the new bankruptcy law. There are two main possible scenarios. One of them assumes the company files for bankruptcy, reaching an agreement with creditors as well as restructuring the liabilities and assets. The other option is liquidating the company and the sale of company assets," explained Sadowski. (Puls Biznesu, p. 5) A.C.